A 14
CAP. 70]
The Hongkong and Shanghai Bank Regulations
[1989 Ed.
[Subsidiary]
8. Provision of houses and offices in suitable places
The bank from time to time may provide such houses or offices in places, whether in Hong Kong or elsewhere, in which its business shall be carried on, as the board may from time to time think requisite for the business of the bank and for the residence of any of its managers, agents, sub-agents, officers or employees or for other purposes of the bank.
(L.N. 157 of 1987; L.N. 334 of 1989)
Increase of capital
9.
Power to increase capital; issue of new shares; rights or restrictions; status of new shares; commissions
(1) Subject to the provisions of section 7 of the Ordinance the shareholders in general meeting may from time to time increase the capital by the creation of new shares of such amount as may be deemed expedient.
(2) Subject to the provisions of the Companies Ordinance relating to authority or otherwise and of any directions which may be given by the bank in general meeting, all unissued shares shall be at the disposal of the board, which may offer, allot, grant options over or otherwise dispose of them (including the issue of warrants to subscribe for them) to such persons, at such times, for such consideration and generally on such terms as the board may think proper. (L.N. 334 of 1989)
(3) Without prejudice to any special rights previously conferred on any existing shares, any shares may be issued with such preferred, deferred or other special rights or such restrictions, whether in regard to dividend, voting, transfer, return of capital or otherwise, as the bank in general meeting may from time to time direct or, if no direction be given, as the board may determine. (L.N. 334 of 1989)
(4) Except so far as otherwise provided by the conditions of issue or by these presents, any capital raised by the creation of new shares shall be considered part of the original capital and shall be subject to the provisions herein contained with reference to the payment of calls and instalments, transfer and transmission, forfeiture, lien, voting and otherwise.
(5) The bank may exercise all powers of paying commissions conferred by the Companies Ordinance to the extent thereby permitted. Subject to the provisions of the Companies Ordinance, such commission may be satisfied by the payment of cash or the allotment of fully or partly paid shares or partly in one way and partly in the other. The bank may also on any issue of shares pay such brokerage as may be lawful. (L.N. 334 of 1989)
A 14
CAP. 70]
The Hongkong and Shanghai Bank Regulations
[1989 Ed.
[Subsidiary]
8. Provision of houses and offices in suitable places
The bank from time to time may provide such houses or offices in places, whether in Hong Kong or elsewhere, in which its business shall be carried on, as the board may from time to time think requisite for the business of the bank and for the residence of any of its managers, agents, sub-agents, officers or employees or for other purposes of the bank.
(L.N. 157 of 1987; L.N. 334 of 1989)
Increase of capital
9.
Power to increase capital; issue of new shares; rights or restrictions; status of
new shares; commissions
(1) Subject to the provisions of section 7 of the Ordinance the shareholders in general meeting may from time to time increase the capital by the creation of new shares of such amount as may be deemed expedient.
(2) Subject to the provisions of the Companies Ordinance relating to authority or otherwise and of any directions which may be given by the bank in general meeting, all unissued shares shall be at the disposal of the board, which may offer, allot, grant options over or otherwise dispose of them (including the issue of warrants to subscribe for them) to such persons, at such times, for such consideration and generally on such terms as the board may think proper. (L.N. 334 of 1989)
(3) Without prejudice to any special rights previously conferred on any existing shares, any shares may be issued with such preferred, deferred or other special rights or such restrictions, whether in regard to dividend, voting, transfer, return of capital or otherwise, as the bank in general meeting may from time to time direct or, if no direction be given, as the board may determine. (L.N. 334 of 1989)
(4) Except so far as otherwise provided by the conditions of issue or by these presents, any capital raised by the creation of new shares shall be considered part of the original capital and shall be subject to the provisions herein contained with reference to the payment of calls and instalments, transfer and transmission, forfeiture, lien, voting and otherwise.
(5) The bank may exercise all powers of paying commissions conferred by the Companies Ordinance to the extent thereby permitted. Subject to the provisions of the Companies Ordinance, such commission may be satisfied by the payment of cash or the allotment of fully or partly paid shares or partly in one way and partly in the other. The bank may also on any issue of shares pay such brokerage as may be lawful. (L.N. 334 of 1989)
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